US jobless claims lift safe-haven demand

US jobless claims lift safe-haven demand

Gold prices jumped more than on per cent as record high US jobless claims for a second week in a row intensified fears of economic damage due to the coronavirus and drove investors towards the safe-haven metal. Spot gold gained 1.3 per cent to $US1,610.68 per ounce,...
US jobless claims lift safe-haven demand

Aluminium prices pinned at four-year low

Aluminium fell for a fourth straight session as China factory activity showed minimal growth in March, adding to concerns about falling metals demand and a ballooning supply glut as the coronavirus outbreak spreads further. Benchmark aluminium on the London Metal...
US jobless claims lift safe-haven demand

Crude prices post biggest one-day gains

Crude prices posted their biggest-one day gains on record after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the...
US jobless claims lift safe-haven demand

Wall Street gains on oil price recovery

Wall Street has bounced as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past six million. Initial claims for unemployment benefits last week exceeded the top end of analysts’ estimates at 5.25 million, and US President Donald...
US jobless claims lift safe-haven demand

Australia dollar feels coronavirus jitters

The Australian has been hit by a fresh bout of market jitters as grim forecasts for the length and depth of the coronavirus pandemic tested investor appetite for risk. The Aussie is managing to stay around 60.68 US cents, having fallen almost one per cent overnight to...